Axelar (AXL)
Axelar is an interoperability infrastructure connecting all types of blockchains, assets and apps.
1. AXL Basic Info
| Symbol | AXL |
| Name | Axelar |
| Web Site | https://axelar.network/ |
| Explorer | https://axelarscan.io/,https://etherscan.io/token/0x467719aD09025FcC6cF6F8311755809d45a5E5f3,https://bscscan.com/token/0x8b1f4432F943c465A973FeDC6d7aa50Fc96f1f65,https://polygonscan.com/token/0x6e4E624106Cb12E168E6533F8ec7c82263358940,https://www.mintscan.io/axelar |
| Supply | 1193052405 |
| Total | None |
| Market Cap | 409380732.821803 |
| White Paper | https://axelar.network/wp-content/uploads/2021/07/axelar_whitepaper.pdf |
| Release Date | 2022-09-27 |
2. AXL Technical Info
2.1 AXL Kline Chart Price
2.2 AXL Technical Analysis
The price is likely to continue its current downward trend in the short term.
There may be a period of consolidation or a minor bounce, but the overall direction is bearish.
The downward pressure is likely to persist, potentially testing lower support levels.
Increased volatility is anticipated, with price swings becoming more pronounced.
Overall, the market sentiment appears negative, and further declines are expected in the near future.
3. AXL News Info
3.1 AXL News List
- 20250306
Canary Files S-1 for AXL ETF
AXL rose by more than 21% in a short period of time, temporarily reported at $0.468 đ - 20250301
DWF allegedly transferred 2.5 million AXL to the Axelar team address, equivalent to about $1.11 million đ - 20250227
Binance Finance launches AXL fixed-term product with annualized return of up to 20% đ - 20250221
Axelar network upgrade has been completed, introducing the transfer gas fee (AXL) burning mechanism đ - 20250220
AXL rose above 0.5 USDT, with a 24-hour increase of 20.34% đ
AXL rose by more than 15% in a short period of time and was temporarily reported at $0.5032 đ
Canary Capital Launches AXL Trust, the First Trust to Offer Blockchain Interoperability Investments đ
3.2 AXL News Analysis
The provided data strongly indicates a bullish trend for AXL. Multiple factors contribute to this positive outlook. The launch of an ETF and a trust fund will likely drive increased institutional interest and investment. Binance s fixed-term product offering with an attractive yield encourages user participation and potentially attracts new investors. Technological advancements like network upgrades, including a gas fee burning mechanism, create scarcity and increase its value. Increased capital inflow and speculative trading are expected, possibly leading to further price increases. The asset will most likely continue its upward trajectory in the short to medium term.
